NZ dollar falls on QE, as nation prepares to shut down

NZ dollar falls on QE, as nation prepares to shut down
Jenny Ruth
The New Zealand dollar was weaker after the Reserve Bank announced plans to effectively print about $30 billion over the next 12 months and after Prime Minister Jacinda Ardern said the nation will move to full lockdown by midnight Wednesday in the hopes of stopping the spread of covid-19.The kiwi was trading at 56.38 US cents at 5pm in Wellington compared with 57 cents in New York on Friday while the trade-weighted index was at 66.02 points from 66.90.The Reserve Bank announced a bigger than expected bond buying programme this morning to help k...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024